• Posted: September 9, 2019
    Deadline: Not specified
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  • Alexander Forbes is a leading provider of financial, risk and insurance and multi-manager investment solutions internationally. The primary operations are based in South Africa and the United Kingdom. A significant network of subsidiaries and partners ensures we provide an outstanding level of service to our customers internationally. Alexander Forbesâ€...
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    Senior Retirement Fund Accountant

    Alexander Forbes is looking for a Senior Retirement Fund Accountant to maintain a portfolio of funds by completing the daily/monthly/quarterly tasks and producing annual financial statements of the highest quality to clients within 4 months of the Fund’s year end, and to coordinate and facilitate submission of financial statements to FSB within 6 months.

    Formal Qualifications

    Minimum Requirements...

    •  Matric (Grade 12) with 5 years or more Retirement Fund accounting experience and studying towards relevant Accounting degree or
    •  Relevant Accounting Degree/ Tertiary Qualification

    Required Experience

    •  Minimum 5 years Industry related experience (Advantageous)
    •  Computer literate in MS Office Suite ( Advanced MS Excel a must)
    •  Strong verbal and written communication skills


    Job Specification...

    Stakeholder Relationship

    •     Establish strong, trust based relationships with internal clients, external clients and other teams within AF Administration Services.
    •     Effective communication with all relevant parties within Alexander Forbes to achieve the goals and targets
    •     Working collaboratively with other departments to coordinate client interactions and resolutions to their needs.
    •     Ensuring that effective communication to clients is conducted timeously i.e. audit plans, etc…
    •     Client satisfaction with all presentations of AFS at Audit/Trustee Meetings is obtained.
    •     Communicate effectively with our clients to resolve issues without escalations and ensure client expectations are met.
    •     Ensuring that the Treating Customers Fairly “TCF” values are top of mind in all dealing with internal and external clients.
    •     Developing and enhancing skill levels. 20%

    TCF

    •     Fulfills his/her duties in such a manner that the relevant TCF outcomes are delivered
    •     Constructively speaks up about any TCF short-coming in any part of the business
    •     Quickly owns up to any mistakes or oversights he/she may be party to that may have negative TCF consequences (such behaviour is never punished).

    Operational Effectiveness

    •     Successfully complete reports for all Funds for review within portfolio within 45 days of the quarter end to the Reserve Bank
    •     Produce quality financial statements 2 weeks prior to the commencement of an audit
    •     Ensure that all financial statements are released to clients within 4 months or per client SLA and signed for submission to the FSB within 6 months after year end.
    •     Completion of monthly Asset and Liability Matching queries with no highly significant issues
    •     Maintaining and prepare all funds destined for closure
    •     Resolving all queries to FSB within the required 30 days from receipt
    •     Ensure 100% compliance rating on internal audits
    •     Embrace any technological advancement to gain operational maximum efficiencies
    •     All processes and document storage for to saved on SharePoint /on server/ on Fundi, no shared documents to be saved on desktop
    •     Management of bank account justifying the bank account balance and processing all investments and disinvestments instructions timeously
    •     Compile Trustee cashflows and bank recons as per procedure monthly / as per requirements
    •     Ensure all fees and premiums are paid monthly and timeously per procedure
    •     Adhoc Invoices are paid within 3 days of receipt/ or on receipt of disinvestment from market.
    •     Adherence to procedures to avoid potential PI claims
    •     Ensure no FSB Penalties lodged within a review period
    •     Management of individual expenses to avoid overruns
    •     Manage the audit process to avoid cost overruns
    •     UA and ALM asset alignments to be completed per instruction
    •     Clearing of debtors and creditors within required time frames
    •     Perform complex duties which can include Script lending recons / unsettled trade recon / completion of Schedule IA for Segregated portfolio / derivative liability swop agreement / budget variance reports / reserve account analysis and or any other additional tasks if so required

    Method of Application

    Interested and qualified? Go to Alexander Forbes on alexanderforbes.pnet.co.za to apply
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